• Currency snapshot (commodity pairs)

    Source: FxWire Pro - Commentary / 19 Jun 2018 09:40:52   America/New_York

    Dollar index trading at 95.13 (+0.39%)

    Strength meter (today so far) – Aussie -0.50%, Kiwi -0.53%, Loonie -0.48%

    Strength meter (since last week) – Aussie -1.01%, Kiwi -0.68%, Loonie -0.56%

    AUD/USD –

    Trading at 0.745

    Trend meter –

    • Long term – Range/Sell, Medium term – Buy, Short term – Range/Buy

    Support –

    • Long term – 0.72, Medium term – 0.75, Short term – 0.75 (testing)

    Resistance –

    • Long term – 0.825, Medium term – 0.8, Short term – 0.77

    Economic release today –

    • House price index up 2 percent y/y in the first quarter.

    Commentary –

    • Aussie is the worst performer of the week amid a U.S. China trade war fear. It is selling off from former support turned resistance.

    NZD/USD -

    Trading at 0.695

    Trend meter -

    • Long term – Sell, Medium term – Sell, Short term – Range/Sell

    Support –

    • Long term – 0.68, Medium term – 0.69, Short term – 0.69 (testing)

    Resistance –

    • Long term – 0.76, Medium term – 0.735, Short term – 0.735

    Economic release today –

    • Global dairy auction is scheduled today.
    • Current account balance for the first quarter will be released at 22:45 GMT.

    Commentary –

    • Kiwi is back testing support near 0.69 area.

     USD/CAD –

    Trading at 1.318

    Trend meter –

    • Long term – sell, Medium term – sell, Short term – Range/Buy

    Support –

    • Long term – 1.22, Medium term – 1.26, Short term – 1.29

    Resistance –

    • Long term – 1.32, Medium term – 1.32, Short term – 1.32

    Economic release today –

    • NIL

    Commentary –

    • Loonie is down this week over trade tensions with the United States amid a stronger dollar.

     

    FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

     

Share on